| Type | Sym | Class | Transaction | Value $ | Shares | Change % | * Price $ | Shares After | Date | Ownership | Footnotes |
|---|---|---|---|---|---|---|---|---|---|---|---|
| transaction | QS | Class A Common Stock | Award | $0 | +13.7K | +0.41% | $0.00 | 3.32M | Aug 22, 2023 | Direct | F1 |
| transaction | QS | Class A Common Stock | Tax liability | -$52.4K | -7.7K | -0.23% | $6.81 | 3.31M | Aug 23, 2023 | Direct | F2, F3, F4 |
| holding | QS | Class A Common Stock | 971K | Aug 22, 2023 | By: The Singh Family Trust UDT dated October 3, 1996 | ||||||
| holding | QS | Class A Common Stock | 6.06M | Aug 22, 2023 | By: Trusts | F5 |
| Id | Content |
|---|---|
| F1 | The Issuer granted restricted stock units ("RSUs") to all eligible employees, including the Reporting Person, as an interim bonus payout granted under the Issuer's 2023 Annual Bonus Plan. Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. 100% of the RSUs vest on the award grant date. |
| F2 | Represents a sale to cover tax obligations on the release of RSUs. The shares of the Issuer's common stock held by the Reporting Person, including shares received upon vesting of the RSUs, are subject to a lock-up agreement with the underwriters for the public offering of Class A Common Stock by the Issuer for which the underwriting agreement was entered into on August 3, 2023. |
| F3 | The price reported is a weighted average price. These shares were sold in multiple transactions at prices ranging from $6.79 to $6.90, inclusive. The Reporting Person undertakes to provide to the issuer, any security holder of the issuer, or the staff of the Securities and Exchange Commission, upon request, full information regarding the number of shares sold at each separate price within the ranges set forth in this footnote to this Form 4. |
| F4 | Includes 1,905,436 shares represented by RSUs. Each RSU represents the Reporting Person's right to receive one share of Class A Common Stock of the Issuer. A portion of the RSUs vest each quarter, subject to the Reporting Person's continued service as of each vesting date. |
| F5 | The Reporting Person's family members are beneficiaries of the trusts. The Reporting Person disclaims beneficial ownership of the reported securities except to the extent of his pecuniary interest therein. |